Elizabeth A. Nelson Sells 10,000 Shares of Zendesk Inc (ZEN) Stock

Zendesk Inc (NYSE:ZEN) Director Elizabeth A. Nelson sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $39.00, for a total transaction of $390,000.00. Following the completion of the transaction, the director now directly owns 63,833 shares of the company’s stock, valued at approximately $2,489,487. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Zendesk Inc (ZEN) traded up $0.90 on Tuesday, hitting $41.18. 847,887 shares of the stock were exchanged, compared to its average volume of 992,487. Zendesk Inc has a fifty-two week low of $24.49 and a fifty-two week high of $42.35. The firm has a market cap of $4,180.00, a price-to-earnings ratio of -37.10 and a beta of 1.87.

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Zendesk (NYSE:ZEN) last announced its quarterly earnings data on Tuesday, February 6th. The software maker reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. Zendesk had a negative net margin of 25.70% and a negative return on equity of 32.88%. The business had revenue of $123.43 million for the quarter, compared to analyst estimates of $119.68 million. During the same period last year, the business earned ($0.04) EPS. The company’s revenue was up 39.3% on a year-over-year basis. analysts anticipate that Zendesk Inc will post -1 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Inc. raised its holdings in shares of Zendesk by 44.3% in the 2nd quarter. Advisor Group Inc. now owns 3,701 shares of the software maker’s stock valued at $103,000 after purchasing an additional 1,137 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Zendesk in the 3rd quarter valued at $105,000. Cerebellum GP LLC acquired a new stake in shares of Zendesk in the 4th quarter valued at $132,000. SG Americas Securities LLC acquired a new stake in shares of Zendesk in the 3rd quarter valued at $193,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Zendesk by 47.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,723 shares of the software maker’s stock valued at $194,000 after purchasing an additional 1,836 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

ZEN has been the subject of several recent research reports. Morgan Stanley raised their price target on shares of Zendesk from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, October 23rd. Royal Bank of Canada reissued a “buy” rating and issued a $42.00 price target on shares of Zendesk in a research report on Wednesday, January 17th. Zacks Investment Research cut shares of Zendesk from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Wells Fargo & Co reissued an “outperform” rating and issued a $40.00 price target (up previously from $32.00) on shares of Zendesk in a research report on Thursday, November 2nd. Finally, UBS Group reissued a “neutral” rating and issued a $38.00 price target (up previously from $37.00) on shares of Zendesk in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $40.31.

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About Zendesk

Zendesk, Inc (Zendesk) is a software development company. The Zendesk family of products is built to work together to help organizations understand and manage customer relationships. All Zendesk products share a common interface and are being developed to support a shared services infrastructure and common customer data platform.